Artificial intelligence or AI is one of the fastest growing industries. Over the last few years, there has been an exponential growth in the number of platforms, applications, and tools based on AI technologies. With the onset of 2020, we can expect artificial intelligence to bring out more radical changes in various aspects including business models, organizations, innovations, etc.
Key AI Trends to Watch in 2020
Below mentioned are some of the key AI trends that we can expect in 2020, have a look:
Employees Skills and Data Quality Barriers Will Start Fading Away
Artificial Intelligence is becoming more and more prevailing in the industry; as a result, more scientists and engineers will start working on AI projects in the coming years. These people will greatly influence the success of a project because of their inherent knowledge of the data.
The availability of deep learning models and accessible research from the community will offer a significant advantage to people working on AI projects as they don’t have to start from scratch. In addition, most AI models were once image-based but now they are also incorporating more sensor data such as text, radar, and time-series data. The accessibility of high-quality data will enhance the likelihood of accuracy in an AI model, which will further increase the chances for success.
AI Will Make Healthcare Industry More Accurate and Cost-Effective
The healthcare industry will experience a greater change in 2020 because of the increased use of AI technology. The workflows of the healthcare industry will be transformed for the benefit of both patients and healthcare professionals alike. AI technology allows the real-time storage of data from multiple information including emergency department admissions, electronic health records, patient’s information, equipment utilization, and much more. Interpreting and analyzing data in meaningful ways will enable a wide range of efficiency and care enhancing capabilities. Features like optimized scheduling, automated reporting, and automatic initialization of equipment settings will assist in improving the patient and staff’s experience, which will result in better outcomes and lower costs.
Enhanced Accuracy and Efficiency of Neural Networks
In 2020, neural network architectures are expected to grow in size and depth continuously and will generate more precise results. It will make the neural network architectures much better at imitating human performance on tasks that involve data analysis. Furthermore, various processes for augmenting the efficiency of neural networks will also improve. As a result, we will see more real-time and power-efficient networks running on assorted devices, including small devices. It is also predicted that the neural generation methods will also continue to improve and generate ever more realistic manipulations of text, photos, videos, audio, and other multimedia.
Artificial Intelligence (AI) in Manufacturing
AI has already become a part of our everyday life. The emergence of a device ecosystem such as Alexa, Siri, and Google Assistant has proved that AI is widely appreciated and used by people all over the world. In the upcoming year, we can expect emotion recognition and computer vision to accelerate at a rapid pace resulting into a breakout moment in the manufacturing sector. In 2020 and beyond, there will be more applications of AI assistants; as a result, half of all searches will be carried out through voice. On the whole, in the year 2020, the manufacturing industry will embrace AI to modernize the production line. With the integration of AI solutions as a part of workflows, AI will be able to augment and address the most challenging task of any manufacturing industry, which is quality control.
Real-Time Customer Interactions
In 2020 and beyond, AI is expected to drive real-time customer interactions. More and more marketing activities will turn out to be truly real. With the implementation of AI technology, businesses will be able to manage real-time customer interactions across all channels. This will further help in improving their customer retention ability. Along with the ability to enhance customer interactions and customer retention, AI can help marketers in targeting new audiences across social media and various other platforms.
There is no doubt that AI will have a positive impact on various sectors including human resources, manufacturing, healthcare, education, gaming, science, security and more. The likelihood of improvement in business workflows resulting from AI trends will only continue to expand in 2020. So, if you are planning to adopt this wonderful technology in the coming year, it is perhaps the best decision you will make.